EP approval in Financial sector

MARKAN43 · 2022-07-29T05:05:57+02:00

Discussing EP approval processes for IT professionals in Singapore's financial sector, focusing on salary changes and MOM's requirements.

MARKAN43 New member

Member since 29 July 2022

MARKAN43New member29 July 2022 03:05:57

Hi All,

I have gone through the forum before posting here. Here is my case. I am working in singapore as IT Lead in the same Org for the past 8 years. Recently i got offer in one of the big financial sector bank.They have given me ~50% hike on my previous salary. I am having 11 years total experience. Can you please let me know if MOM will approve or will object on my EP application ?Many Thanks for your help.

beppi Germany/Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany/Singapore Expert29 July 2022 06:06:52

15544

Nobody can tell, from the very limited information you gave, what your chances are.

You should read the discussions on this forum about which factors can influence approval or rejection!

MARKAN43 New member

Member since 29 July 2022

MARKAN43New member29 July 2022 19:50:09

Hi Beppi, Thank you for the response. My current sal is 6500. New employer has offered me 10k which is 54% increase on my current sal.The offered Org is a Big European Mnc bank.

Shekhz Singapore Expert

Member since 31 March 2021

ShekhzSingapore Expert31 July 2022 05:35:54

968

@MARKAN43

Approval would depend on the following-

1. In the new role, what are your professional responsibilities- for instance, outline if you have additional responsibilities (people management or larger territory or some new tech or hot skills etc)

2. Have you done any new courses and/ or certification

3. What鈥檚 the ongoing market rate for similar jobs, you can look up jobs bank for a range estimation

I mean there are several reasons which could justify your bump, you gotta think and have your employer outline things well.